Markets Today

Global markets saw a tech-led sell-off in the US while New Zealand's unemployment hit a 10-year high of 5.4% despite growing employment. Major central banks are expected to pause rate hikes as inflation pressures show signs of easing in Europe.

Key Takeaways

• 1.New Zealand's unemployment rate rose to 5.4% in Q4 2025, a ten-year high, though this was driven by higher participation rather than lack of hiring.
• 2.US markets experienced a rotation out of technology and AI-related stocks, leading the Nasdaq to extend its decline.
• 3.Major central banks including the ECB and BoE are expected to maintain their current interest rates in upcoming February meetings.

Table of Contents

• Events round-up
• Good morning
• Coming up
• Currencies
• Equities
• Commodities
• Interest Rates
• NZ GOVERNMENT BONDS
• NZ BKBMD and Swap Yields
• NZ Inflation-Indexed Bonds
• Contact Details

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